Jain Premier League Auction Raises ₹31 Crore with 12 Teams Set to Compete
Jain Premier League goes big: 12 teams auctioned for Rs 31 crore, plans to rope in Shikhar Dhawan, Suresh Raina, Jonty Rhodes
The Economic TimesImage: The Economic Times
The Jain Premier League (JPL) has successfully auctioned 12 franchises for a total of ₹31 crore (approximately $3.7 million USD), marking its evolution into a major sporting entity in India. With plans to host over 40 matches and attract prominent cricket figures, the league aims to enhance its profile and fan engagement.
- 01The Jain Premier League auction raised ₹31 crore from 12 teams.
- 02Mumbai Sobo Star was the highest-valued team at ₹3.70 crore.
- 03Over 6,500 players have applied to participate in the league.
- 04Plans include hosting more than 40 matches across 12 cities.
- 05Prominent cricket figures like Shikhar Dhawan and Suresh Raina may join as mentors.
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The Jain Premier League (JPL) has transformed from a community initiative into a significant sporting platform, successfully auctioning 12 franchises for a total of ₹31 crore (approximately $3.7 million USD). The auction saw competitive bids, with Mumbai Sobo Star emerging as the most expensive team at ₹3.70 crore, followed by Bengaluru at ₹3.15 crore. The league, backed by the Jain International Trade Organisation (JITO), plans to host over 40 matches across 12 cities in April and May, with playoffs expected in Mumbai. A new entity, JITO Sports Foundation, has been established to manage operations, ensuring professional handling of logistics and player development. The league has received over 6,500 player applications, with a structured contract system in place to ensure fair compensation. To enhance its credibility, the JPL is looking to onboard notable cricket personalities, including Shikhar Dhawan and Suresh Raina, as mentors. The league aims to provide a comprehensive sports entertainment experience with live streaming and professional broadcasts.
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The JPL's establishment as a professional league could provide new opportunities for local players and boost the sports economy in participating cities.
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